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Bitcoin traders are predicting flash BTC price moves despite almost unanimous market predictions as to what the Fed will do next.
The movement is the latest in a trend of early buyers and holders moving their tokens to new wallets after several years of inactivity.
The market is waiting for the Fed’s next move, or clarity around an ETF, say analysts
DOGE jumped 10% on Tuesday, its biggest single-day percentage gain since April 3.
Even with a price correction to $29,000, several Bitcoin price metrics show traders casting bets on a quick rebound.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting the Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
ETH’s technical and on-chain indicators point toward further downside, but there is a silver lining.
- 09:30Merlin Chain Launchpad Platform MerlinStarter Upgrades to Star AI, Focusing on AI Virtual Human Incubation and Asset IssuanceAccording to ChainCatcher, the Merlin Chain Launchpad platform MerlinStarter has officially upgraded to Star AI, becoming a global leader in AI virtual human incubation and asset issuance. Star AI deeply integrates AI with Web3, dedicated to promoting the creation, trading, and assetization of virtual human IPs, ushering in a new era of AI asset economy. Previously, MerlinStarter received investments from 20 institutions, including Amber Group, Arkstream Capital, and Cogitent Ventures. Its first two IDO rounds raised a total of over 900 million, breaking the IDO records for the first and second highest fundraising amounts in history. The platform has over 1 million Merlin Chain addresses interacting with it.
- 09:24AI Concept Meme Tokens Rise in General, ZEREBRO Up Over 26% in 24 HoursOn April 28th, according to GMGN data, AI concept Meme tokens have generally risen, among which: ZEREBRO rose 26.55% in the last 24 hours, with a market cap now at $73.6 million; ai16z rose 21.24% in the last 24 hours, with a market cap now at $316 million; VIRTUAL rose 16.54% in the last 24 hours, with a market cap now at $636 million; ARC rose 14.54% in the last 24 hours, with a market cap now at $69.9 million; AVA rose 13.17% in the last 24 hours, with a market cap now at $53 million.
- 09:13Analyst: Bitcoin's Correlation with Gold Reaches 0.7April 28 news, CoinDesk analyst James Van Straten stated that as of now, Bitcoin has dropped approximately 1.5% since December 31 last year, positioning its performance between the 24% rise of gold and the over 7% decline of the Nasdaq 100 index. Therefore, the notion of positioning Bitcoin as either a leveraged tech stock or digital gold slightly leans towards the digital gold perspective, but just barely. By analyzing the 30-day moving average correlation coefficient of Bitcoin, it currently shows a strong correlation with gold at 0.70, while exhibiting a weaker correlation with the Nasdaq 100 index at 0.53. This indicates that Bitcoin's performance is more akin to the trend of gold, rather than that of tech stocks.